Employers are responsible for covering a portion of an employee’s tax contribution to Social Security, Medicare, and unemployment. They also withhold the appropriate amount from staff paychecks to cover the employees’ share. These two components make up a business’s payroll taxes—the IRS is particularly aggressive when it comes to collecting on delinquent payroll taxes (IRS forms 940 and 941). If you have failed to withhold or pay payroll taxes, you may incur huge IRS penalties as well as face potential civil penalties.Employment tax relief is possible under the right circumstances. Our tax attorneys will evaluate your case and determine the best course of action.

What Are Your Options?

Failure to properly pay the IRS for taxes withheld from employees’ wages is considered stealing from your employees and the US Treasury. Immediate action is necessary to avoid escalation, which may include business closure, a tax evasion investigation, or civil lawsuits. The situation may lead to catastrophic consequences, but a qualified attorney from All Star Tax Relief can provide payroll tax debt relief assistance.

Extreme hardship, unexpected expenses, or insufficient operating capital may have led to your back-tax situation. If your employment tax deficiency has a reasonable cause, you have a few options:

• Offer in Compromise
• Penalty Abatement
• Installment Agreement

Not all solutions will be applicable in all cases, but we can negotiate the appropriate option on your behalf to ensure IRS acceptance and approval. Because the IRS imposes strict penalties for delinquent payroll taxes, it’s important to act quickly and address any current taxes to avoid incurring additional penalties for upcoming deadlines.